Recent on-chain transaction data shows that BlackRock transferred 2,563 BTC (20 Feb, 2026 11:50:51 UTC), valued at approximately $173 million, and 49,852 ETH, worth around $97 million, to Coinbase Prime. The deposits highlight significant movement of digital assets by one of the world’s largest institutional investors.
BlackRock just deposited another 2,563 $BTC($173M) and 49,852 $ETH($97M) to Coinbase Prime.https://t.co/qmuDIrPHc6 pic.twitter.com/OsWFkGN7do
— Lookonchain (@lookonchain) February 20, 2026
The total value of the transfer stands at nearly $270 million, based on the reported figures. The transactions were recorded as a direct deposit to Coinbase Prime, a platform commonly used by institutions for custody, trading, and settlement of crypto assets.
Institutional Activity Continues
The latest deposit of large institutional transactions involving Bitcoin and Ethereum. Deposits to Coinbase Prime often indicate institutional-level activity, as the platform is designed to support high-volume transactions, secure storage, and advanced execution services for large investors.
Market Focus on BTC and ETH Flows
Large transfers of Bitcoin and Ethereum have remained a key focus in the crypto market, especially when involving institutional entities. The movement of funds between wallets and exchanges.
BlackRock’s latest deposit of 2,563 BTC and 49,852 ETH. With a combined estimated value of nearly $270 million, the transfer reflects ongoing activity in both Bitcoin and Ethereum markets. As institutional participation expands, such large-scale on-chain movements are likely to remain a key area of interest for market observers.
Recent Transaction: BlackRock Deposits 2,494 BTC Worth $168M Into Coinbase (Feb 18)
